How to Leverage AI for Proactive Customer Service (Video)
SAP Customer Experience Vice President Volker Hildebrand explains how companies can deploy machine learning for predictive maintenance and more proactive customer service in this clip from CRM Evolution.
Learn more about CRM evolution 2019.
Read the complete transcript of this clip:
Volker Hildebrand: Predictive maintenance is when you have products that you sell to your customers that need to be maintained or serviced, repaired, parts need to be exchanged, maybe an oil change, or a filter exchange, other things repaired, or when something's broken. Predictive maintenance is basically leveraging data from IoT enabled products, because you need information about the usage, the conditions, kind of temperature. How many hours of operation for this printer or machine? What's the output?
You can have certain sensors that measure the temperature when it reaches certain level where there's going to be an alert as well. Then combine it with the machine learning to basically predict when the machine is going to fail, when the part's going to break. When the oil needs to be exchanged before the entire engine breaks down. Basically, do this ahead of time so you can schedule your fuel service technicians to go out and replace the part, perform the maintenance. Do whatever needs to be done before the machine or the equipment breaks down, or the product stops working which definitely improves customer satisfaction, because they don't have to deal with the repair and an engine breakdown. It also reduces overall downtime of equipment.
Think about if you're selling machinery and equipment. In a B2B context, for example, that's really important that these machines operate all the time, because more downtime means loss of revenue for your customers, and also, lower cost of service because typically if you fix something before it breaks, the cost of fixing it are typically lower, because there's not no additional damage. You also can plan much better and also reduce the cost of service operation.
Related Articles
What to Look for in Cloud CRMs (Video)
08 Oct 2018
SMB Group Co-founder & Partner Laurie McCabe explains how SMBs can find the right cloud CRM for them and use it as a springboard for growth in this clip from CRM Evolution 2018.
The Value of CRM Integration for SMBs (Video)
01 Oct 2018
SMB Group Partner & Co-founder Laurie McCabe discusses the importance of integrating cloud CRM solutions with other applications for SMBs undergoing digital transformation in this clip from CRM Evolution 2018.
Mobile Has Made UX More Important than Marketing (Video)
26 Sep 2018
Altimeter futurist and principal analyst Brian Solis explains why thinking and design need to change with the shift to mobile in this clip from his keynote at CRM Evolution 2018.
How to Align CX and Design (Video)
24 Sep 2018
Altimeter futurist and principal analyst Brian Solis discusses customer experience and design in this clip from his keynote at CRM Evolution 2018.
How to Ensure You Have the Right Data in Your CRM System (Video)
19 Sep 2018
Not all data belongs in your CRM system; to serve your goals effectively, you need to have the right data, as Diolachan Consulting's Edward Garry explains in this clip from CRM evolution 2018.
How Tesla Gets Customer-Facing Process Right (Video)
17 Sep 2018
ISM Founder and President Barton Goldenberg presents a case study on outside-in marketing and customer-facing process modeling in this clip from his presentation at CRM evolution 2018.
How External Data Can Complement Your CRM Solution (Video)
12 Sep 2018
Diolachan Consulting's Edward Garry discusses the value of external data in this clip from his presentation at CRM evolution 2018.
9 Ways to Use Data to Understand Your Customers (Video)
10 Sep 2018
ISM Founder and President Barton Goldenberg discusses how to leverage data effectively in creating targeted customer experiences in this clip from CRM evolution 2018.
What Are the Key Trends Impacting Customer Engagement? (Video)
05 Sep 2018
SAP Customer Experience Vice President Volker Hildebrand discusses emerging trends affecting customer engagement and the growing impact of machine learning in this clip from CRM Evolution 2018.
How to Design Chatbots that Deliver Good Customer Experiences (Video)
20 Aug 2018
Pasquale DeMaio, General Manager, Amazon Connect, AWS demos Amazon Connect's Contact Flow Engine in this clip from his keynote at CRM evolution 2018.
How to Make Automated Customer Interactions More Engaging (Video)
15 Aug 2018
AWS Head of Product, Language Tech Vikram Anbazhagan discusses four key elements of bot interactions that can increase customer engagement in this clip from his keynote at CRM evilution 2018.
How Amazon Connect's Open Platform Integrates with CRMs (Video)
13 Aug 2018
Pasquale DeMaio, General Manager, Amazon Connect, AWS, explains how Amazon Connect works with both off-the-shelf and custom CRM systems in this clip from his keynote at CRM evolution 2018.
Is the Customer Data Platform the Pot o' Gold for B2B Marketers? (Video)
06 Aug 2018
IntelliPhi CEO Anand Thaker explains how B2B marketers can leverage customer data platforms (CDPs) in this clip from his presentation at CRM evolution 2018.
The Case for Account-Based Marketing (Video)
01 Aug 2018
IntelliPhi CEO Anand Thaker explains the value of integrated account-based marketing (ABM) for B2B operations in this clip from CRM evolution 2018.
Why Startups Need to Focus on Resilient Revenue (Video)
08 Aug 2018
IntelliPhi CEO Anand Thaker outlines the concept of renewable, resilient revenue and why it matters even to startups businesses in this clip from his presentation at CRM evolution 2018.
Why Customer Experience is Now Your Biggest Brand Differentiator (Video)
30 Jul 2018
SMB cofounder and partner Laurie McCabe explains how customer service and the customer experiences businesses create have become the defining features of their brands in this clip from CRM experience 2018.
VIDEO: What Are SMBs' Top Business Goals as Customer Expectations Change?
25 Jul 2018
SMB Group Co-founder & partner Laurie McCabe explains how SMBs can continue to pursue their traditional business goals amid dramatic changes in customer expectations in this clip from CRM experience 2018.
VIDEO: What is the Right Mix of People, Process, and Tech in a Sound CRM Strategy?
23 Jul 2018
ISM, Inc. President Barton Goldenberg breaks down the mix of people, process, and technology in a sound long-term customer engagement strategy in this clip from CRM evolution 2018.
VIDEO: How to Better Serve Your Fan Base by Emphasizing Merchandising and Digital Content
16 Jul 2018
WINNERS Director & Founder Fiona Green discusses merchandising and digital content strategies to extend the fan base experience beyond the arena in this clip from CRM evolution 2018.
VIDEO: How Clearly Do You Know Your Customer?
11 Jul 2018
ISM, Inc. President Barton Goldenberg explains the importance of having a clear understanding of who your customer is to effective CRM in this clip from CRM evolution 2018.
VIDEO: How Can Businesses Adapt to Meet Future Customer Service Challenges?
09 Jul 2018
Prophet Principal Analyst Brian Solis discusses emerging customer service challenges in this clip from his keynote at CRM evolution 2018.
VIDEO: What's Your Roadmap for Multi-Year Customer Strategy Growth?
02 Jul 2018
ISM Inc. president Barton Goldenberg explains why it's important to take the long view when developing a customer engagement strategy in this clip from CRM evolution 2018.
VIDEO: How to Contend with the New Normal in Customer Behavior and Relationships
27 Jun 2018
Prophet Principal Analyst Brian Solis discusses the mobile-centric "new normal" and what it means in customer strategy in this clip from his CRM evolution 2018 opening keynote.
The Case for Integrating CRM and Marketing Automation (Video)
27 Aug 2018
X2CRM CEO David Buchanan explains why CRM and marketing automation systems should be integrated rather than silo'd in this clip from CRM evolution 2018.
Buyer's Guide Companies Mentioned